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Joao Wedson

06/15 14:37

Bitcoin has just recorded the 2nd largest Unrealized Loss in history.

In other words, a massive amount of coins are sitting in paper losses.

But the most important detail is in the other chart: Realized Loss remains low.

This shows that, despite the pain, holders are still not realizing losses in mass.

The market is under pressure. Many investors are underwater, but we still haven’t seen that classic wave of broad capitulation.

In other words, there is a lot of unrealized pain.

But very little panic selling.

This divergence is extremely important.
If Realized Loss starts to explode, we could see a final, more aggressive cleansing phase.

But as long as it remains low, the signal is still clear to me: the market is suffering, but holders have not surrendered their coins yet.

Are you surrendering your coins?
Or are you accumulating?


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